Bubble companies

“Bubble companies” were created in the beginning of the 18th century as a consequence of a strong tendency toward speculation. Most of the new “companies” were not solid, and many went bankrupt in 1720. Earlier, in 1630, “tulipomania” had led to similar speculation in tulip bulbs.

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bubble — An extravagant or unsubstantial project for extensive operations in business or commerce, generally founded on a fictitious or exaggerated prospectus, to ensnare unwary investors. Companies formed on such a basis or for such purposes are called… … Black's law dictionary

bubble — An extravagant or unsubstantial project for extensive operations in business or commerce, generally founded on a fictitious or exaggerated prospectus, to ensnare unwary investors. Companies formed on such a basis or for such purposes are called… … Black's law dictionary

Bubble Company — A company whose valuation greatly exceeds that suggested by its fundamentals. The first well documented bubble company was the South Sea Company, which caused the South Sea Bubble in 1720. A bubble company arises when speculators continuously buy … Investment dictionary

bubble — bub‧ble [ˈbʌbl] noun [countable] 1. FINANCE when a lot of people buy shares in a company that is financially weak, with the result that the price of the shares becomes much higher than their real value: • A speculative bubble may have been… … Financial and business terms

Bubble — may refer to:Physical bubbles* Liquid bubble, a globule of one substance encased in another, usually air in a liquid * Soap bubble, a bubble formed by soapy water * Antibubble, a droplet of liquid surrounded by a thin film of gasArts and… … Wikipedia

Bubble Act — The Bubble Act of 1720 (Officially titled the Royal Exchange and London Assurance Corporation Act 1719) was an Act of the Parliament of Great Britain (citation 6 Geo. 1, c. 18) that forbade all joint stock companies not authorised by royal… … Wikipedia

bubble — [[t]bʌ̱b(ə)l[/t]] bubbles, bubbling, bubbled 1) N COUNT Bubbles are small balls of air or gas in a liquid. Ink particles attach themselves to air bubbles and rise to the surface. ...a bubble of gas trapped under the surface. 2) N COUNT A bubble… … English dictionary

Bubble light — A bubble light is a decorative device consisting of a liquid filled vial that is heated and lighted by an incandescent light bulb. Because of the liquid s low boiling point, the modest heat generated by the lamp causes the liquid to boil and… … Wikipedia

History of companies — An allegory of tulip mania by Hendrik Gerritsz Pot, circa 1640. Flora, the goddess of flowers, is blown by the wind and rides with a tippler, money changers, and a two faced woman. They are followed by dissolute Haarlem weavers, on their way to… … Wikipedia